Quarterly report pursuant to Section 13 or 15(d)

Income per Common Share (Tables)

v3.21.2
Income per Common Share (Tables)
 9 Months Ended
Aug. 31, 2021
Earnings Per Share [Abstract]  
Calculation of Basic and Diluted Net Income per Common Share

The following table sets forth the calculation of basic and diluted net income per common share:

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

August 31,

2021

 

 

August 31,

2020

 

 

August 31,

2021

 

 

August 31,

2020

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Income

 

$

856,494

 

 

$

784,467

 

 

$

2,720,713

 

 

$

2,424,771

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average shares outstanding-basic

 

 

8,452,374

 

 

 

7,545,613

 

 

 

7,996,278

 

 

 

7,544,124

 

Dilutive common shares issuable upon exercise of stock options

 

 

239,957

 

 

 

633,852

 

 

 

221,176

 

 

 

593,339

 

Weighted-average shares-diluted

 

 

8,692,331

 

 

 

8,179,465

 

 

 

8,217,454

 

 

 

8,137,463

 

Net income per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.10

 

 

$

0.10

 

 

$

0.34

 

 

$

0.32

 

Diluted

 

$

0.10

 

 

$

0.10

 

 

$

0.33

 

 

$

0.30